Scanner.Sweep.Terra
Q175. Bounty question #157 was to create a dashboard to show the health of the Terra ecosystem. For this bounty, your job is to write a succinct one-page summary or summary dashboard assessing a submission of your choice for the Acme of Skill bounty (#157).
From the successful submissions to this bounty, the Terra Blockchain Dashboard powered by Kakamora is selected to analyze in detail. This users powered a dynamic dashboard for Terra blockchian that contains Luna and UST circulating supply, new users, NFTs, Whales behavior and staking on Terra blockchian.
This dashboard contains two other parts that converse about the details of this selected submission and provide extra recommendations to make it better and useful for Terra blockchain users.
Introduction:
The bounty no.157 used to create intelligence dashboard for the Terra community. Build something that you think your fellow LUNAtics would use.
According to this bounty, the submissions should display at least five key metrics of choice in a visual format. The ability to adjust parameters is welcome, though not required. For Definition, make sure to provide minimal context for your metrics (a sentence or two is fine) to help novice users understand what they are looking at and why it’s important.
Recommendations:
In general, I would like to thank the Kakamora for his efforts in collecting and presenting this attractive dashboard. Based on the items mentioned in the previous section and in order to improve the quality of the dashboard, the following items are stated as suggestions:
- Put the explanations on each part (tab) instead of help section.
- Place the transactions count and volume as an important part of Terra blockchain.
- Give a brief summary about Terra's protocols like Anchor, Mars, Mirror and ... and strong it with easy figures and data
- Give extra and detailed explanations about Terra governance and voting system
- Place a comparison part (tab) and make comparison with Solana and Ethereum.
Pros (advantages)
The main advantages of this dashboard are listed as below:
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The circulating supply of major tokens of Terra blockchain are provided precisely.
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Take a look at cross-chain usage of UST on Ethereum blockchain that is especially important among users.
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Grouped popular stablecoins on Terra blockchain to ensure the main applications of Terra users.
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Grouped and drawn a scatter plot for newcomers on Terra blockchain by Dates
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Distinguish the number of wallets by their count of transactions and used smart contracts
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Place the NFT collections by their number and volume of sales on Terra blockchain
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Clarify whales and their actions by their hold Luna and volume of swaps
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Place top Luna stakers and staked Luna over time and relationship of it with Luna price
Cons (Disadvantages)
The pain pints of this selected submission are arranged as below (Personal opinion):
- Missing information about Fees related to swaps and transactions.
- Did not clarify the transactions made by major tokens of Terra blockchain (Luna & UST).
- Did not compare the newcomers with other blochchain.
- Missing the detailed analysis of Random Earth as a leading NFT platform on Terra blockchian.
- Did not place the migration of Whales into the Terra blockchain over time.
- Missing info about voting power of Terra validators.
Thanks to Flipside community and Kakamora, I really enjoy and learn extra information about Terra blockchain.